Shares of MBIA surged today after the bond insurer said that a private equity firm would inject up to $1 billion of fresh capital into the struggling company.
Despite the drop in assets, 26 new ETFs were added to the market last month, brining the total number to 612.
Despite once having been seen as betraying financial advisers, The Vanguard Group Inc. of Malvern, Pa., continues to ratchet up efforts to court them.
Despite the market's current volatility, the love affair between ultrawealthy investors and hedge funds is still torrid, according to a new survey by the Institute for Private Investors, a New York-based association for very wealthy families and their advisers.
As 2008 rolls around, it will bring an important historical marker: The five-year anniversary of the bull market.
Hedge fund assets have increased by 11% in the past six months, according to HFM.
Hedge fund returns fell November, reflecting declines in the major stock markets, the credit crunch and concerns about business slowdowns.
Load funds significantly underperform a buy-and-hold strategy with the same funds, says the Zero Alpha Group.
The regulator is investigating whether financial entities are investing in hedge funds in order to share inside information.
Investors in Bear Stearns' two collapsed hedge funds have filed arbitration claims against firm, according to Reuters.
The European Central Bank held its key interest rate at 4%, while The Bank of England cut interest by a quarter-point.
On Dec. 20, the firm will list the PowerShares DJIA BuyWrite and S&P BuyWrite portfolios on NYSE Arca and the Nasdaq-100 BuyWrite Portfolio on Nasdaq.
The ETF seeks to track the total return performance of the Lehman Brothers High Yield Very Liquid Index.
An insurance policy that provides an income guarantee to holders of a unified managed account at Lockwood is in registration at the Securities and Exchange Commission.
As the market-timing scandals recede into financial history, the cautionary practices instituted in their wake could face the same fate.
The Investment Company Institute, the powerful mouthpiece of the mutual fund industry, is trying to torpedo the tax advantages of exchange traded notes, and industry insiders think that it has a pretty good chance of being successful.
These days, Legg Mason Inc. is a bit weak in the knees.
The Securities and Exchange Commission might adopt a shortened prospectus that could save the industry $300 million a year in printing and mailing costs — and help preserve the environment.
Bear market mutual funds have come out of hibernation. For the 30 days through last Monday — the day major stock market indexes ended 10% down from their October peaks, signaling a market correction — the bear fund category had risen 11.27%, according to Morningstar Inc. of Chicago.
While many of the 45.8 million people born between 1965 and 1975 would like help with investing, the 32- to 42-year-old members of so-called Generation X probably won't be receiving much attention from financial firms anytime soon.
